BTST breakout stocks to watch out for!

Nifty, which slipped below the prior trading session low, has yet again managed to recover from the lower levels of the day. Among the sectoral indices, barring banking & financial stocks, all other sectors were seen trading in red with Nifty IT and Media leading the losers.   

The broader markets were seen outperforming the frontline gauge with Nifty Midcap 100 and Smallcap 100 adding 0.17 per cent & 0.55 per cent, respectively.   

Given the outperformance of the broader markets on Wednesday and furthermore, India VIX has cooled off from the day’s high. We anticipate the stock-specific move to continue and hence, we have a list of stocks that you can keep on your watch list for BTST trade.  

So, here is the list:  

Kotak Mahindra Bank: The stock has jumped over 2 per cent on a day when markets are seen trading in negative terrain. The stock has seen good buying interest in the last hour or so. It is evident from the fact as volume has been on a rise during the same period. September Futures has seen the addition of open interest of 1.83 per cent. Hence, keep a watch on this stock.   

Alembic Limited: The stock is up by 8 per cent and also, witnessed a huge jump in volume. As a result, it has already surpassed its volume of the prior three trading sessions. Must keep on watchlist!  

Indian Energy Exchange (IEX): The stock is trading near its all-time high and has also been witnessing buying interest for the last half an hour.   

HDFC AMC: The stock is trading up by 2 per cent but what has garnered attention in the stock is the volume and buying action in the last one hour of trade. Volumes are seen to ascend with price rise. Hence, keep a close watch on this.